Overview
What is Leak Street Alumni Inc?
Leak Street Alumni Inc is a nonprofit organization situated in Rockingham, North Carolina. With a small team of nine dedicated individuals, this organization's primary mission is to promote culture, education, and overall development among underprivileged children. They accomplish this by operating a multifaceted community-based resource and referral center situated in the Leak Street community. This center serves as a hub for various activities, cultural events, and educational programs designed to enrich the lives of underprivileged children in the area. The organization's commitment to supporting these children extends beyond the confines of the center, as they also act as a resource and referral point for additional services and assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 73%
Leak Street Alumni Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. The overall score of 73% reflects a solid commitment to having an independent board and maintaining financial responsibility, with 100% of board members being independent and a low liabilities to assets ratio of 1.44%. These features suggest a level of accountability that is beneficial for donor confidence.
However, the organization faced significant challenges, particularly in financial transparency, as it received no points for providing financial statements. Additionally, the absence of a whistleblower policy and a missing website listed on the tax form raises concerns about the overall governance and accessibility of information for stakeholders. The program expense ratio of 68.79% indicates a reasonable allocation of funds towards its programs, but the lack of complete financial documentation is a notable limitation.
In summary, while Leak Street Alumni Inc demonstrates strengths in governance and program spending, the deficiencies in financial reporting and policy documentation highlight areas that require attention to enhance trust and transparency with donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Leak Street Alumni Inc legitimate?
Leak Street Alumni Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leak Street Alumni Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,483
For more financial information, click here
What is the mission statement of Leak Street Alumni Inc?
Leak Street Alumni Inc., through its established and maintained multifunctional community resource and referral center, aims to support underprivileged children. This center provides a platform for various activities, fostering an environment that promotes cultural learning and educational growth. The organization's mission is geared towards enhancing these underprivileged children's lives, offering them opportunities to engage in cultural activities and acquire education.
Who is the CEO of Leak Street Alumni Inc?
Anna P Thomas is the President of Leak Street Alumni Inc.
What is the revenue of Leak Street Alumni Inc?
Leak Street Alumni Inc's revenue in 2023 was $536,059.
Who are the executives of Leak Street Alumni Inc and what are their salaries?
The average compensation at Leak Street Alumni Inc during 2023 was $18,054. There are 9 employees at Leak Street Alumni Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Leak Street Alumni Inc?
Leak Street Alumni Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Leak Street Alumni Inc
Leak Street Alumni Inc is committed to making a significant impact in the lives of underprivileged children by establishing and maintaining a multifaceted community-based resource and referral facility. This center serves as a hub of activities, culture, and education, providing an enriching environment for these children to thrive. The organization's mission is to promote cultural awareness and educational opportunities, ensuring that these underprivileged children have access to resources that can positively shape their future. By offering various activities and educational programs, Leak Street Alumni Inc strives to empower these children, fostering their personal growth and development. The organization's efforts aim to contribute to a more equitable society by providing underprivileged children with the tools and resources necessary to succeed.
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Impact
July, 2024
Leak Street Alumni Inc's impact is significant in promoting culture and education for underprivileged children in the Leak Street community. They have established and maintain a multipurpose community-based resource and referral facility that serves as a hub for providing activities, cultural enrichment, and educational opportunities for these children. By creating a supportive environment and offering valuable resources, Leak Street Alumni Inc is instrumental in empowering and uplifting underprivileged youth in Rockingham, NC.
This information is meant to be a general summary of Leak Street Alumni Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $536,059
Assets and Liabilities:
- Total Assets: $214,691
- Total Liabilities: $3,102
- Net Assets: $211,589
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Organization Details
Founding Year
1985
Principal Officer
Anna P Thomas
Main Address
P O BOX 2252, ROCKINGHAM, NC, 28380
NTEE Category
Code: B82 - Education
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